Choudwar Property Auction: Others – Reserve ₹1.06 Cr (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362962
Property Description
The Choudwar property auction listed by Indian Bank on the BAANKNET e-auction portal is one of the upcoming property opportunities in Odisha. On offer is a others in Choudwar, Cuttack (PIN 754021). The online auction runs on 9 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹1,06,08,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Choudwar Property Auction: Key Highlights
- Reserve price: ₹1,06,08,000 (₹1.06 Cr)
- EMD: ₹10,60,800
- Bid increment: ₹50,000
- Auction: 9 October 2026, 11:00 AM to 5:00 PM
- Last date for EMD: 8 October 2026, 11:00 PM
- Location: Choudwar, Cuttack, Odisha
- Possession: Symbolic
Choudwar Property Auction – Complete Details
| Auction ID | 362962 |
| Bank property ID | IDIB11163305835C |
| Bank | Indian Bank |
| Branch | Cuttack Jagatpur |
| Property type | Other – Others |
| City / District | Choudwar, Cuttack |
| State | Odisha |
| PIN code | 754021 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹1,06,08,000 |
| EMD | ₹10,60,800 |
| Bid increment | ₹50,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Choudwar
Choudwar is in Cuttack district of Odisha, under PIN code 754021. Odisha’s market is led by Bhubaneswar, Cuttack and Rourkela, with mining, steel and port projects supporting long-term growth. The handling branch is Cuttack Jagatpur, which is usually the best contact for site visits and local queries.
Is the Choudwar Property Auction Worth It?
The EMD of ₹10,60,800 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Choudwar Property Auction
- Inspection window: 1 October 2026, 11:00 AM to 8 October 2026, 4:00 PM
- EMD submission opens: 19 September 2026
- Last date for EMD: 8 October 2026, 11:00 PM
- E-auction: 9 October 2026, 11:00 AM to 5:00 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 362962 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8961822449.
- Pay the EMD of ₹10,60,800 through the BAANKNET wallet before 8 October 2026, 11:00 PM.
- Log in on 9 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our auction property due diligence checklist before you bid.
Choudwar Property Auction: FAQs
What is the reserve price in the Choudwar property auction?
The reserve price is ₹1,06,08,000. Bids below the reserve price are not accepted.
When is the Choudwar property auction scheduled?
The e-auction is on 9 October 2026 from 11:00 AM to 5:00 PM. The last date for EMD is 8 October 2026, 11:00 PM.
How much EMD is required?
The earnest money deposit is ₹10,60,800. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Choudwar, Cuttack, Odisha – 754021.
Where can I see the official sale notice?
Search Auction ID 362962 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and Odisha Auctions
- All Indian Bank auction listings
- More property auctions
- Bank auctions in Odisha
- Guide: reserve price bidding strategy
Source: Auction ID 362962 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Indian Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Miscellaneous |
|---|---|
| Location | Choudwar, Cuttack, Cuttack, Odisha |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 19 Sep 2026Auction Notice Published
- 1 Oct 2026Inspection Starts
- 8 Oct 2026Inspection Ends
- 8 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:00 AM to 5:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.